Foreign aid received as grants and concessional loans in Nigeria
Nigeria: Foreign aid received as grants and concessional loans was 2.16 billion constant 2024 US$ in 2024. ◆ Volatile
Latest (2024)
2.16 billion constant 2024 US$
Change on year
down 0.6%
World rank
13th
of 178 countries
All-time high
13.19 billion constant 2024 US$
in 2006
All-time low
78.18 million constant 2024 US$
in 1961
Years of data
65
1960–2024
Foreign aid received as grants and concessional loans in Nigeria, 1960–2024
Source: OECD (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.
Analysis
In 2024, foreign aid received as grants and concessional loans in Nigeria stood at 2.16 billion constant 2024 US$.
Compared with earlier readings it is down 0.6% on the previous year and up 24.9% over ten years.
Over the whole period, foreign aid received as grants and concessional loans in Nigeria peaked at 13.19 billion constant 2024 US$ in 2006 and was at its lowest, 78.18 million constant 2024 US$, in 1961.
Nigeria ranks 13th of 178 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign aid received as grants and concessional loans in Nigeria, year by year
| Year | constant 2024 US$ | Change |
|---|---|---|
| 1960 | 195.73 million constant 2024 US$ | — |
| 1961 | 78.18 million constant 2024 US$ | -60.1% |
| 1962 | 142.66 million constant 2024 US$ | +82.5% |
| 1963 | 173.22 million constant 2024 US$ | +21.4% |
| 1964 | 246.35 million constant 2024 US$ | +42.2% |
| 1965 | 313.27 million constant 2024 US$ | +27.2% |
| 1966 | 324.72 million constant 2024 US$ | +3.7% |
| 1967 | 327.55 million constant 2024 US$ | +0.9% |
| 1968 | 422.83 million constant 2024 US$ | +29.1% |
| 1969 | 556.37 million constant 2024 US$ | +31.6% |
| 1970 | 568.59 million constant 2024 US$ | +2.2% |
| 1971 | 432.06 million constant 2024 US$ | -24.0% |
| 1972 | 268.09 million constant 2024 US$ | -38.0% |
| 1973 | 292.81 million constant 2024 US$ | +9.2% |
| 1974 | 243.19 million constant 2024 US$ | -16.9% |
| 1975 | 219.94 million constant 2024 US$ | -9.6% |
| 1976 | 155.93 million constant 2024 US$ | -29.1% |
| 1977 | 148.88 million constant 2024 US$ | -4.5% |
| 1978 | 142.22 million constant 2024 US$ | -4.5% |
| 1979 | 125.60 million constant 2024 US$ | -11.7% |
| 1980 | 123.85 million constant 2024 US$ | -1.4% |
| 1981 | 136.84 million constant 2024 US$ | +10.5% |
| 1982 | 129.09 million constant 2024 US$ | -5.7% |
| 1983 | 127.15 million constant 2024 US$ | -1.5% |
| 1984 | 134.32 million constant 2024 US$ | +5.6% |
| 1985 | 129.19 million constant 2024 US$ | -3.8% |
| 1986 | 131.37 million constant 2024 US$ | +1.7% |
| 1987 | 123.26 million constant 2024 US$ | -6.2% |
| 1988 | 156.66 million constant 2024 US$ | +27.1% |
| 1989 | 364.78 million constant 2024 US$ | +132.8% |
| 1990 | 355.94 million constant 2024 US$ | -2.4% |
| 1991 | 365.67 million constant 2024 US$ | +2.7% |
| 1992 | 299.33 million constant 2024 US$ | -18.1% |
| 1993 | 236.46 million constant 2024 US$ | -21.0% |
| 1994 | 183.81 million constant 2024 US$ | -22.3% |
| 1995 | 150.07 million constant 2024 US$ | -18.4% |
| 1996 | 153.31 million constant 2024 US$ | +2.2% |
| 1997 | 168.95 million constant 2024 US$ | +10.2% |
| 1998 | 128.56 million constant 2024 US$ | -23.9% |
| 1999 | 139.87 million constant 2024 US$ | +8.8% |
| 2000 | 195.06 million constant 2024 US$ | +39.5% |
| 2001 | 295.08 million constant 2024 US$ | +51.3% |
| 2002 | 388.95 million constant 2024 US$ | +31.8% |
| 2003 | 408.54 million constant 2024 US$ | +5.0% |
| 2004 | 553.73 million constant 2024 US$ | +35.5% |
| 2005 | 7.33 billion constant 2024 US$ | +1222.9% |
| 2006 | 13.19 billion constant 2024 US$ | +80.1% |
| 2007 | 1.74 billion constant 2024 US$ | -86.8% |
| 2008 | 1.22 billion constant 2024 US$ | -29.5% |
| 2009 | 1.39 billion constant 2024 US$ | +13.5% |
| 2010 | 1.24 billion constant 2024 US$ | -10.4% |
| 2011 | 1.31 billion constant 2024 US$ | +5.1% |
| 2012 | 1.62 billion constant 2024 US$ | +23.8% |
| 2013 | 1.96 billion constant 2024 US$ | +21.2% |
| 2014 | 1.73 billion constant 2024 US$ | -11.8% |
| 2015 | 1.83 billion constant 2024 US$ | +5.9% |
| 2016 | 2.15 billion constant 2024 US$ | +17.2% |
| 2017 | 2.89 billion constant 2024 US$ | +34.7% |
| 2018 | 2.58 billion constant 2024 US$ | -10.6% |
| 2019 | 2.35 billion constant 2024 US$ | -9.2% |
| 2020 | 2.58 billion constant 2024 US$ | +10.0% |
| 2021 | 2.58 billion constant 2024 US$ | -0.1% |
| 2022 | 2.32 billion constant 2024 US$ | -9.8% |
| 2023 | 2.17 billion constant 2024 US$ | -6.5% |
| 2024 | 2.16 billion constant 2024 US$ | -0.6% |
Nigeria compared with similar countries
- Nigeria's 2.16 billion constant 2024 US$ is above the median for lower middle income countries, which is 493.69 million constant 2024 US$, 4.4× the median. (47 countries reporting)
- Nigeria's 2.16 billion constant 2024 US$ is above the median for Sub-Saharan Africa, which is 681.01 million constant 2024 US$, 3.2× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Foreign aid received as grants and concessional loans in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +1222.9% | 553.73 million constant 2024 US$ | 7.33 billion constant 2024 US$ |
| 1989 | +132.8% | 156.66 million constant 2024 US$ | 364.78 million constant 2024 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 278.09 million constant 2024 US$ | 78.18 million constant 2024 US$ | 556.37 million constant 2024 US$ | 10 |
| 1970s | 259.73 million constant 2024 US$ | 125.60 million constant 2024 US$ | 568.59 million constant 2024 US$ | 10 |
| 1980s | 155.65 million constant 2024 US$ | 123.26 million constant 2024 US$ | 364.78 million constant 2024 US$ | 10 |
| 1990s | 218.20 million constant 2024 US$ | 128.56 million constant 2024 US$ | 365.67 million constant 2024 US$ | 10 |
| 2000s | 2.67 billion constant 2024 US$ | 195.06 million constant 2024 US$ | 13.19 billion constant 2024 US$ | 10 |
| 2010s | 1.97 billion constant 2024 US$ | 1.24 billion constant 2024 US$ | 2.89 billion constant 2024 US$ | 10 |
| 2020s | 2.36 billion constant 2024 US$ | 2.16 billion constant 2024 US$ | 2.58 billion constant 2024 US$ | 5 |
Countries ranked near Nigeria
More reference data data for Nigeria
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.77 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 19.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 27 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.62 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 27 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 5.94 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 5.8 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 81.9 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 121.16 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 14.27 (2050)
Frequently asked questions
- What is foreign aid received as grants and concessional loans in Nigeria?
- Foreign aid received as grants and concessional loans in Nigeria was 2.16 billion constant 2024 US$ in 2024, according to OECD (2026) – with major processing by Our World in Data.
- What is the highest foreign aid received as grants and concessional loans recorded in Nigeria?
- The highest recorded value was 13.19 billion constant 2024 US$ in 2006.
- What is the lowest foreign aid received as grants and concessional loans recorded in Nigeria?
- The lowest recorded value was 78.18 million constant 2024 US$ in 1961.
- How does Nigeria rank for foreign aid received as grants and concessional loans?
- Nigeria ranks 13th out of 178 countries with data for 2024.
- Is foreign aid received as grants and concessional loans rising or falling in Nigeria?
- Over the last ten years it is up 24.9%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from OECD (2026) – with major processing by Our World in Data, published as part of Foreign aid received as grants and concessional loans. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Official development assistance component that represents grants. Monetary aid is estimated as net disbursements. This data is expressed in US dollars. It is adjusted for inflation.